Thursday 19 July 2018, Amsterdam
According to the new market research report, now available on ASDReports, "Gas Phase Filtration Market by Type (Packed Bed, and Combination), Media (Activated Carbon, Potassium Permanganate, and Blend), Application (Corrosion & Toxic Gas Control and Odor Control), End User, and Geography - Global Forecast to 2023", the overall gas phase filtration market is expected to grow from USD 1.73 billion in 2018 to reach USD 2.17 billion by 2023 from, at a CAGR of 4.55%. The awareness of the impact of poor indoor and outdoor air quality on human health and need for clean air is the major factor driving the growth of this market. The implementation of strict government regulations to protect the environment also fuels the market growth.
Packed bed filters expected to hold a larger share of the gas phase filtration market during the forecast period
The packed bed filters are likely to hold a larger market size during the forecast period owing to their high efficiency of removing aberrant gases and controlling odors in different industries such as pulp & paper, chemicals and petrochemicals, healthcare, metals & mining, and semiconductor manufacturing as highly toxic gases and VOCs are released in these industries. Moreover, these filters are cheaper than that of combination filters, which fuels their demand for removing indoor air pollutants.
The gas phase filtration market for the healthcare industry to grow at the highest CAGR during the forecast period
Among the gas phase filtration end users, the market for the healthcare industry is estimated to grow at the highest CAGR during the forecast period. In the healthcare industry, the hospital staff and patients are constantly exposed to infection and cross-contamination hazards, thereby adopting clean air solutions for preventing spreading of viruses and pathogenic bacteria and for protecting people against diseases transmitted through the air. All these factors are expected to fuel the growth of the gas phase filtration market for this industry.
The gas phase filtration market in APAC expected to grow at the highest CAGR during the forecast period
The gas phase filtration market in APAC is expected to grow at the highest CAGR between 2018 and 2023. This growth is due to the high economic growth witnessed by several emerging economies in the region such as China and India. Further, several international companies have built their manufacturing plant in APAC owing to the easily available raw materials and low-cost labor. Additionally, new power generation stations are also being set up in the region to fulfill the growing demand for energy from several industries. All these factors are expected to fuel the growth of the gas phase filtration market in APAC.
Major players operating in this market are Camfil (Sweden), American Air Filter (AAF) Company (US), Donaldson Company (US), Freudenberg (Germany), Clarcor (Parker Hannifin Corporation) (USA), Bry-Air (Asia) (India), Purafil (US), Circul-Aire (Canada), Kinberley-Clark (US), and Promark Associates (USA).
This research report categorizes the global gas phase filtration market on the basis of type, media, application, end user, and region. It describes the drivers, restraints, opportunities, and challenges with respect to the gas phase filtration market.
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